AYALA Corporation (AC)

AYALA Corporation (AC) has authorized the funding of its strength unit in Monte Solar Energy, Inc. (MonteSol) for a solar strength venture in Negros Oriental.

In a disclosure to the Philippine Stock Exchange (PSE), Ayala Corporation said its absolutely-owned subsidiary, AC Energy Holdings, Inc. (AC Energy), has signed an agreement with MonteSol.

MonteSol is a joint task between AC Energy Holdings Inc. And Bronzeoak Clean Energy Inc., the investment arm of Bronzeoak Philippines Inc (Bronzeoak).

According to AC, the project might be owned and operated by MonteSol, a special motive automobile business enterprise, and will be undertaken in  levels.

The first section is for an 18-megawatt (MW) solar energy plant with a complete undertaking value of P1.3 billion and is centered for completion by way of March 2016.

The second section is for the expansion of the preliminary 18-MW sun electricity plant to elevate its potential to forty MW.

MonteSol has named Conergy, a main German photovoltaic (PV) answer and provider issuer, to put up the solar energy plant in Bais, Negros Oriental.

Conergy can be answerable for the engineering and layout, aspect procurement, and assignment control of the new plant.

The new sun farm will occupy a land vicinity of 213,292 square meters and is anticipated to generate 24,205 megawatt hours of strength yearly.

This is sufficient power to supply the equal of 10,1/2 households inside the area and save 14,838 lots of carbon emissions (CO2) each year.

Bronzeoak become also the developer and is the handling shareholder of the forty five-MW San Carlos Solar Energy (SacaSol) assignment.

The SacaSol challenge is taken into consideration because the united states’s first and biggest solar farm, inaugurated through President Benigno S. Aquino third in May of 2014.

Honda Cars Philippines, Inc. (HCPI)

Honda Cars Philippines, Inc. (HCPI), Honda’s car enterprise unit within the Philippines, said it bought 1,seven-hundred automobiles in August.

To date, a complete of 12,167 Honda vehicles had been bought in 2015, indicating a 48 percent growth as compared to its income inside the identical length closing 12 months.

The lone domestically-produced Honda car – the City – remains the organisation’s first-rate dealer, contributing forty four percent to HCPI’s August sales.

The organization also said the currently launched Mobilio indicates quite a few promise because it registered a 22 percentage contribution to HCPI August income.

For the month of August, the Mobilio garnered 830 new reservations. The Mobilio is Honda’s first seven-seater Multi-purpose Utility Vehicle (MUV) that addresses the market’s need for an low cost family car.

From September 25 to 27, Honda will keep a car display on the Alabang Town Center activity middle to give customers an possibility to test the automobiles being provided and to check drive fashions they'll be making plans to buy.

Cars to be displayed include the City, Mobilio, Accord, and Odyssey. Event members can have the opportunity to avail of cash reductions and other unique offers to be able to be to be had handiest at some stage in the event, the corporation said.